Kalifx trailing stop EA

KALIFX Trailing Stop Utility for MetaTrader 4

The KALIFX Trailing Stop Utility is a tool for automated stop-loss management on the MetaTrader 4 platform.
It monitors open positions and dynamically adjusts the stop-loss level as the price moves in favor of the trade.
The utility can also place initial stop-loss and take-profit levels and apply breakeven rules once the trade reaches a defined profit distance.

Core Functionality

1. Trailing Stop Logic

When the market moves in the direction of an open trade and reaches the user-defined Trailing Start distance,
the utility begins adjusting the stop-loss automatically.
The stop-loss is updated at intervals determined by the Trailing Step parameter — ensuring that the stop-loss trails the price in small, controlled increments without excessive repositioning.

• Trailing Start (pips): Distance in pips before the trailing stop activates.

• Trailing Step (pips): Minimum change in price required before the stop-loss is updated again.

• Trailing Stop (pips): Automatically moves the stop-loss as the trade goes into profit, maintaining a set distance behind the current price. This helps lock in profits while allowing the trade room to continue running.
  

This approach allows gradual profit protection while maintaining flexibility during volatile price movement.

2. Breakeven System

The breakeven function shifts the stop-loss to the entry price (plus an optional offset) when the trade reaches a percentage of the take-profit level.

• BE % of Take-Profit: Defines when breakeven should activate, relative to the TP distance.

• BE Offset (pips): Adds a small safety buffer beyond entry to cover spread or commissions.

Once triggered, the stop-loss is adjusted to ensure the position remains risk-free.

3. Automatic SL/TP Placement

If a trade opens without a defined stop-loss or take-profit, the utility can automatically assign them according to preset values.
This guarantees that every trade is protected immediately after execution.

Input Parameters

Usage Notes

• Attach the utility to any chart where you want trades to be managed automatically.

• Works with manual trades or Expert Advisors.

• Compatible with all trading instruments and timeframes.

• Test on a demo account before using on live funds to confirm parameter suitability.

• Support is available via the MQL5 message system.